Dogecoin Whales Sell 440 Million DOGE as Price Falls to $0.18
Recent on-chain data indicates significant activity among Dogecoin whales:
- Approximately 440 million DOGE were sold by wallets holding between 10,000,000 and 100,000,000 DOGE within 72 hours.
- This led to a drop in whale holdings from 15.51% of total DOGE supply to 15.15%.
- Dogecoin's price fell 5.76% last week, following a 27% decline over the past month.
- Whale transaction counts spiked to 119 on October 30 but have since decreased to 15.
- Some whales are accumulating, with holdings over 100,000,000 DOGE increasing their share from 19.28% to 19.46%.
Despite the sell-off, analysts see potential for recovery:
- Price at $0.18 is identified as a critical support level, potentially leading to recovery towards $0.26 and $0.33.
- Long-term projections suggest a possible 800% surge, targeting approximately $1.70.
